Pioneer Lithium (ASX:PLN) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Pioneer Lithium LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Pioneer Lithium's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Pioneer Lithium's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2023 (0.02). It may suggest that Pioneer Lithium is progressively becoming more dependent on debt to grow their business.

Pioneer Lithium LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pioneer Lithium's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pioneer Lithium LT-Debt-to-Total-Asset Chart

Pioneer Lithium Annual Data

Trend

Jun24

LT-Debt-to-Total-Asset

0.02

Pioneer Lithium Semi-Annual Data
	Dec23	Jun24
LT-Debt-to-Total-Asset	0.02	0.02

Pioneer Lithium LT-Debt-to-Total-Asset Calculation

Pioneer Lithium's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Pioneer Lithium's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.099	/	5.218
	=

Pioneer Lithium (ASX:PLN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Pioneer Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pioneer Lithium Ltd (ASX:PLN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

108 Saint Georges Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.pioneerlithium.com.au

Pioneer Lithium Ltd is an exploration company focused on building a critical minerals company, through the identification of geological opportunities and the exploration for critical minerals and other battery metals and chemicals. It projects include LaGrande Project; Benham Project; Lauri Lake Project and Verde Valor Project.

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